Audio: Sen. Kyl Explains GOP Withdrawal From Debt Talks

Yesterday's major breakdown demonstrated that the two parties had reached a significant impasse, largely due to "revenue" related differences. Last night, Sen. Jon Kyl -- one of two Republicans at the negotiating table -- told Hugh Hewitt exactly why he and his lower chamber counterpart, Eric Cantor, walked away altogether:

HH: What kind of taxes do they want to raise, Senator Kyl?

JK: You name it. We've got a whole page full of things.

As Carol notes, Vice President Biden's own words tip his side's hand. Democrats' "most important" priority is hiking taxes. Republicans' overriding priority, by contrast, is cutting and reforming spending while holding the line on taxes.